I’ve been hearing about this as a trend recently – first in Bottom Line a couple of weeks ago and again today.
From a CBS News story:
The Consumer Federation of America (CFA) on Monday warned insurance regulators that life insurers are quietly hiking rates on some universal life policies, possibly to compensate for losses from falling interest rates.
The Washington, D.C., consumer watchdog and advocacy group said that AXA Equitable, Transamerica and VOYA Financial (VOYA) had notified their agents about the premium hikes, but hadn't put out any public announcements.
From Bottom
Source of insurance-forums.net
From a CBS News story:
The Consumer Federation of America (CFA) on Monday warned insurance regulators that life insurers are quietly hiking rates on some universal life policies, possibly to compensate for losses from falling interest rates.
The Washington, D.C., consumer watchdog and advocacy group said that AXA Equitable, Transamerica and VOYA Financial (VOYA) had notified their agents about the premium hikes, but hadn't put out any public announcements.
From Bottom
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